Shares of Rashtriya Chemicals & Fertilizers (RCF) climbed as much as 2.88% on Wednesday to an intraday high of Rs 134.68 after the state-owned fertiliser company announced key fundraising and corporate governance decisions.
In a regulatory filing, RCF said its board, at a meeting held on July 7, 2026, approved raising up to Rs 1,500 crore through a Further Public Offering (FPO) via a fresh issue of equity shares. The proposed fundraising is subject to approvals from shareholders, the Department of Fertilizers, the Government of India, and the Department of Investment and Public Asset Management (DIPAM).
